Pittormie Castle Presentation
45
T HE R ESIDENCES A T P ITTORMIE Investor Brief Phase Two
description
Pittormie Castle
Transcript of Pittormie Castle Presentation
THE RESIDENCES AT PITTORMIE
Investor Brief Phase Two
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1
INVESTOR BRIEF Index Page
Introduction 3
Attractions 9
Risks 9
Facilities within the Pittormie Estate 12
Weeks 18
Pittormie History 27
Recent Refurbishment 27
The Developer 30
Own as much as you need 30
Internal Photographs of a Typical Apartment 32
Opportunity perfect for 34
St Andrews, Fife, Scotland 34
UK Property Market 36
Location and Transport Links 36
Special Terms 38
Prices 38
Purchase Price Includes 38
Deal Analysis 38
Legal 38
The Residence Club – The Future 39
Resale Assurance 42
Resale Service 42
Price Comparisons 42
Competition Analysis 44
What next? 44
DISCLAIMER The information contained in this document is for general information purpose only. We advise you to seek independent advice for all legal and financial matters. Whilst we endeavourto keep the information up-to-date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability or availabilitywith respect to this document or the information, products, services, or related graphics contained in this document for any purpose. Any reliance you place on such information istherefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data orprofits arising out of, or in connection with, the use of this document.
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1
INVESTOR BRIEF Index Page
Introduction 3
Attractions 9
Risks 9
Facilities within the Pittormie Estate 12
Weeks 18
Pittormie History 27
Recent Refurbishment 27
The Developer 30
Own as much as you need 30
Internal Photographs of a Typical Apartment 32
Opportunity perfect for 34
St Andrews, Fife, Scotland 34
UK Property Market 36
Location and Transport Links 36
Special Terms 38
Prices 38
Purchase Price Includes 38
Deal Analysis 38
Legal 38
The Residence Club – The Future 39
Resale Assurance 42
Resale Service 42
Price Comparisons 42
Competition Analysis 44
What next? 44
DISCLAIMER The information contained in this document is for general information purpose only. We advise you to seek independent advice for all legal and financial matters. Whilst we endeavourto keep the information up-to-date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability or availabilitywith respect to this document or the information, products, services, or related graphics contained in this document for any purpose. Any reliance you place on such information istherefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data orprofits arising out of, or in connection with, the use of this document.
Pittormie PDF V2:Minimal design 09/07/2010 21:47 Page 1
INTRODUCTION
Having developed Scotland’s most luxurious private Residence Club in the Royal Burgh of St Andrews, Fife this is a
limited opportunity for early stage investors to acquire two and three-bedroom residences on a fractional basis, together
with membership privileges, under preferred terms.
To ensure security for all owners, the developers have created a unique ‘debt-free’ structure to protect each owner’s
investment. By placing the developed residences at Pittormie in to a trust which cannot be broken for 175 years the
developers engaged a simple logic to transform the famous Pittormie estate:
» Only use the finest materials to develop each residence – far superior to industry norms
» Decorate each room with outstanding items i.e. antiques, original art etc.
» Incorporate an elegant, classic style which is timeless
» Provide first class facilities which cater to the whole family’s needs
» Limit the number of units to enhance the experience and value
In addition to the special terms provided the incentive for early stage investors to buy a luxurious second home in an
historic Scottish estate; which is enhanced by all the Residence Club facilities and structure of ownership; comes from
being part of a growth business. Our objective is to emulate this unique template in other iconic locations around the world
and build out a portfolio of wholly owned debt-free Residence Clubs. In addition to releasing the capital within Pittormie
and making the Residence Club a profitable long-term tenanted estate, the funds generated in the 12 month sales cycle
will be reinvested on an 18-22 month cycle in other Residence Clubs which will be developed along similar principals;
providing all owners the opportunity to swap their weeks between properties without cost; resulting in an additional uplift
in the value of fractions. Our long term goal does not impinge upon the value or potential of the initial fractions at Pittormie
while the rational of incentivising early entrants and aligning long term interests enables us to build a small portfolio of
investors that can enjoy the benefits of the future.
43
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INTRODUCTION
Having developed Scotland’s most luxurious private Residence Club in the Royal Burgh of St Andrews, Fife this is a
limited opportunity for early stage investors to acquire two and three-bedroom residences on a fractional basis, together
with membership privileges, under preferred terms.
To ensure security for all owners, the developers have created a unique ‘debt-free’ structure to protect each owner’s
investment. By placing the developed residences at Pittormie in to a trust which cannot be broken for 175 years the
developers engaged a simple logic to transform the famous Pittormie estate:
» Only use the finest materials to develop each residence – far superior to industry norms
» Decorate each room with outstanding items i.e. antiques, original art etc.
» Incorporate an elegant, classic style which is timeless
» Provide first class facilities which cater to the whole family’s needs
» Limit the number of units to enhance the experience and value
In addition to the special terms provided the incentive for early stage investors to buy a luxurious second home in an
historic Scottish estate; which is enhanced by all the Residence Club facilities and structure of ownership; comes from
being part of a growth business. Our objective is to emulate this unique template in other iconic locations around the world
and build out a portfolio of wholly owned debt-free Residence Clubs. In addition to releasing the capital within Pittormie
and making the Residence Club a profitable long-term tenanted estate, the funds generated in the 12 month sales cycle
will be reinvested on an 18-22 month cycle in other Residence Clubs which will be developed along similar principals;
providing all owners the opportunity to swap their weeks between properties without cost; resulting in an additional uplift
in the value of fractions. Our long term goal does not impinge upon the value or potential of the initial fractions at Pittormie
while the rational of incentivising early entrants and aligning long term interests enables us to build a small portfolio of
investors that can enjoy the benefits of the future.
43
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At Pittormie a simple sales strategy will be engaged to release the inventory. With 24
fractions per residence and a maximum of 20 residences built, a total of 480 fractions
will be sold over ten phases of price increases. Starting from a low base point (below
industry norms for five star residence clubs in iconic locations) prices will be increased
by 10% for every 10% of the inventory sold in the first four phases (40%). Increases for
the remaining fractions are predicted to grow by 4-8% for every 10% sold depending
upon the market. This enticing pricing strategy, which starts at £77,000, is being used to
shorten the natural sales cycle from 3 years to 1 while generating over £60m in revenues.
Early entrants enjoy the benefit of realising a significant uplift in value while friends and
peers that enter at a later stage have the security of paying more to enter an established
community while acquiring one of the few remaining fractions. Two whole residences
(48 fractions) in units 4 and 10 have already been sold in addition to multiple two-week
fractions. This is your chance to join the growing number of ‘Founders’ as we make
history at Pittormie and build a number of other clubs you will soon call home!
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At Pittormie a simple sales strategy will be engaged to release the inventory. With 24
fractions per residence and a maximum of 20 residences built, a total of 480 fractions
will be sold over ten phases of price increases. Starting from a low base point (below
industry norms for five star residence clubs in iconic locations) prices will be increased
by 10% for every 10% of the inventory sold in the first four phases (40%). Increases for
the remaining fractions are predicted to grow by 4-8% for every 10% sold depending
upon the market. This enticing pricing strategy, which starts at £77,000, is being used to
shorten the natural sales cycle from 3 years to 1 while generating over £60m in revenues.
Early entrants enjoy the benefit of realising a significant uplift in value while friends and
peers that enter at a later stage have the security of paying more to enter an established
community while acquiring one of the few remaining fractions. Two whole residences
(48 fractions) in units 4 and 10 have already been sold in addition to multiple two-week
fractions. This is your chance to join the growing number of ‘Founders’ as we make
history at Pittormie and build a number of other clubs you will soon call home!
65
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7 8
7 8
10
ATTRACTIONS
This special offer for fractions 49 to 96 closes once we reach 96 owners and guarantees:
» Prices averaging 20% below current market valuations – second lowest point in plan
» Unused weeks provide guaranteed rental income of 6.66% for first two years*
» No annual dues for first two years
» Ability to select the best weeks within the best units
» Exchange their weeks throughout the year, subject to availability
» Rent out unused nights/weeks
» Utilise any of the residences if available, on a complimentary basis, via the six week
short notice booking system
» No VAT on the purchase or resale of fractions: The developer did not reclaim the VAT
on the development of the residences and hence fractions fall outside of VAT.
» Transfer title to any family member, trust or associated company without charge
Much like an exclusive equity country club, The Residence Club at Pittormie is available
only to its owners, and guests. Owners purchase an asset and enjoy frequent and flexible
lodging throughout the year plus private club amenities and club services via
membership. It is not just the real estate value which appreciates in value but also the
value of the membership, the facilities, its events and services.
Each fraction entitles the owner and their family to occupy the specified residence in his
or her Ownership Certificate for two weekly periods in each year being; one weekly
period during High Season and one weekly period during Low Season.
» “High Season” means the first week of May through to the final week of September
plus week 51 (Christmas) and week 52 (New Year), all as set out in the Season
Calendar Table.
» “Low Season” means the first week of October through to the final week of
April excluding weeks 1 to 3 inclusive, week 50, week 51 (Christmas) and week 52
(New Year).
The short notice program is specifically designed to encourage members to utilise any
of the unused residences throughout the year in addition to any specific weeks they own.
At any time members may contact the Concierge to find out if any of the apartments are
free within the next six weeks and reserve any unused residence free of charge.
RISKS
This low risk proposition gives owners the security of obtaining built and furnished
luxurious second homes at a stage where the development has been completed and the
club is operational - via a tried and trusted UK mechanism - 175 year leasehold.
This deeded interest ensures investors that their only risk is the speed at which the
residences are sold out and the additional residence clubs are created to generate the
uplifts in value.
* The Club will underwrite the 6.6% guarantee
9
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ATTRACTIONS
This special offer for fractions 49 to 96 closes once we reach 96 owners and guarantees:
» Prices averaging 20% below current market valuations – second lowest point in plan
» Unused weeks provide guaranteed rental income of 6.66% for first two years*
» No annual dues for first two years
» Ability to select the best weeks within the best units
» Exchange their weeks throughout the year, subject to availability
» Rent out unused nights/weeks
» Utilise any of the residences if available, on a complimentary basis, via the six week
short notice booking system
» No VAT on the purchase or resale of fractions: The developer did not reclaim the VAT
on the development of the residences and hence fractions fall outside of VAT.
» Transfer title to any family member, trust or associated company without charge
Much like an exclusive equity country club, The Residence Club at Pittormie is available
only to its owners, and guests. Owners purchase an asset and enjoy frequent and flexible
lodging throughout the year plus private club amenities and club services via
membership. It is not just the real estate value which appreciates in value but also the
value of the membership, the facilities, its events and services.
Each fraction entitles the owner and their family to occupy the specified residence in his
or her Ownership Certificate for two weekly periods in each year being; one weekly
period during High Season and one weekly period during Low Season.
» “High Season” means the first week of May through to the final week of September
plus week 51 (Christmas) and week 52 (New Year), all as set out in the Season
Calendar Table.
» “Low Season” means the first week of October through to the final week of
April excluding weeks 1 to 3 inclusive, week 50, week 51 (Christmas) and week 52
(New Year).
The short notice program is specifically designed to encourage members to utilise any
of the unused residences throughout the year in addition to any specific weeks they own.
At any time members may contact the Concierge to find out if any of the apartments are
free within the next six weeks and reserve any unused residence free of charge.
RISKS
This low risk proposition gives owners the security of obtaining built and furnished
luxurious second homes at a stage where the development has been completed and the
club is operational - via a tried and trusted UK mechanism - 175 year leasehold.
This deeded interest ensures investors that their only risk is the speed at which the
residences are sold out and the additional residence clubs are created to generate the
uplifts in value.
* The Club will underwrite the 6.6% guarantee
9
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FACILITIES WITHIN THE PITTORMIE ESTATE
» Full range of facilities and activities both on and off-site – see attached brochure
» Private spa, gym, pool and changing rooms
» Access to 38 local golf courses – including some of the finest links courses in the world
» Michelin Star Chef on property
» Four separate dining areas – Chef’s Kitchen, Bar, Main Dining Rooms and Terrace
» Apartments are managed and maintained by estate owners
» Fees include all local taxes, amenities, refurbishment and decoration etc
» Concierge service
» Storage facilities and packing service available
» Airport collection and local transfers in Club vehicles
» 4x4 hire service available
» Left: Michelin star chef Alan Donald – Head Chef Pittormie Castle
Tennis: Access to the Har-Tru all-weather tennis courts. Lessons including playing lessons with instructors can be
organised via the Club Concierge.
Golf Privileges: Full access to all the practice facilities on the estate. Our resident Golf Director will be on hand to assist
with tuition or advice and both he and the concierge team can organize tee times, caddies or carts on all the local courses.
Tee times on specific courses can be arranged prior to arrival.
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FACILITIES WITHIN THE PITTORMIE ESTATE
» Full range of facilities and activities both on and off-site – see attached brochure
» Private spa, gym, pool and changing rooms
» Access to 38 local golf courses – including some of the finest links courses in the world
» Michelin Star Chef on property
» Four separate dining areas – Chef’s Kitchen, Bar, Main Dining Rooms and Terrace
» Apartments are managed and maintained by estate owners
» Fees include all local taxes, amenities, refurbishment and decoration etc
» Concierge service
» Storage facilities and packing service available
» Airport collection and local transfers in Club vehicles
» 4x4 hire service available
» Left: Michelin star chef Alan Donald – Head Chef Pittormie Castle
Tennis: Access to the Har-Tru all-weather tennis courts. Lessons including playing lessons with instructors can be
organised via the Club Concierge.
Golf Privileges: Full access to all the practice facilities on the estate. Our resident Golf Director will be on hand to assist
with tuition or advice and both he and the concierge team can organize tee times, caddies or carts on all the local courses.
Tee times on specific courses can be arranged prior to arrival.
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Spa:Access to the private Pittormie Spa, treatment rooms and gym. This intimate elegant spa, private to members and guests,
is replete with plush massage tables, treatment suites, heated indoor pool and a fully equipped fitness centre. With such a limited
number of guests on property you are sure of the personal attention on a daily basis. All Residents may also book in advance
to make sure treatments fit in with your schedule.
Concierge Service: Your Residence Club Concierge will update you on weather conditions, arrange your airport and in-town
transportation, make golf tee time reservations, reserve a tennis court, make dinner reservations at one of St Andrews's many
restaurants, or take care of any other special needs inc. shooting, fishing or any other pursuits or activities.
Fleet of Drivers: Upon arrival, owners may be met at the airport in a Range Rover or Mercedes Vainio by one of the Club’s
drivers. All local transfers are provided ensuring safe, timely transportation by professional drivers. And, when its time to leave
we’ll make sure you arrive in perfect time.
Bell Service: Upon arrival, a bellman will take your luggage to your apartment and retrieve it when it’s time to return home.
Staff will also available to unpack luggage and iron clothes upon arrival.
Housekeeping Service: The Residence Club housekeeping staff makes sure your apartment is immaculate when you arrive,
stays neat and comfortable while you are vacationing, and is ready for the next arriving owner after you depart.
Pre Arrival Grocery Service: At your request, your favourite foods and beverages will be purchased on your account and
placed in your kitchen just prior to your arrival.
Residence Club Staff:Attentive staff are available to make sure every visit to your Residence Club is fun-filled and worry-free.
Guest Ledger Privileges: Residence Club owners may sign for dining and services at all on estate facilities.
Storage: Golf Clubs, bags and other items may all be stored at the Club.
1615
Spa:Access to the private Pittormie Spa, treatment rooms and gym. This intimate elegant spa, private to members and guests,
is replete with plush massage tables, treatment suites, heated indoor pool and a fully equipped fitness centre. With such a limited
number of guests on property you are sure of the personal attention on a daily basis. All Residents may also book in advance
to make sure treatments fit in with your schedule.
Concierge Service: Your Residence Club Concierge will update you on weather conditions, arrange your airport and in-town
transportation, make golf tee time reservations, reserve a tennis court, make dinner reservations at one of St Andrews's many
restaurants, or take care of any other special needs inc. shooting, fishing or any other pursuits or activities.
Fleet of Drivers: Upon arrival, owners may be met at the airport in a Range Rover or Mercedes Vainio by one of the Club’s
drivers. All local transfers are provided ensuring safe, timely transportation by professional drivers. And, when its time to leave
we’ll make sure you arrive in perfect time.
Bell Service: Upon arrival, a bellman will take your luggage to your apartment and retrieve it when it’s time to return home.
Staff will also available to unpack luggage and iron clothes upon arrival.
Housekeeping Service: The Residence Club housekeeping staff makes sure your apartment is immaculate when you arrive,
stays neat and comfortable while you are vacationing, and is ready for the next arriving owner after you depart.
Pre Arrival Grocery Service: At your request, your favourite foods and beverages will be purchased on your account and
placed in your kitchen just prior to your arrival.
Residence Club Staff:Attentive staff are available to make sure every visit to your Residence Club is fun-filled and worry-free.
Guest Ledger Privileges: Residence Club owners may sign for dining and services at all on estate facilities.
Storage: Golf Clubs, bags and other items may all be stored at the Club.
1615
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WEEKS
Whether you need the security of
owning specific weeks each year or
just want the flexibility of being able
to exchange your weeks to suit your
schedule and enjoy different club
experiences we possess the ability to
accommodate everyone’s needs.
Numerous weeks within the Calendar
attract a 10-20% premium – examples
include:
» Open Championship week,
Dunhill, 2012 Ryder Cup and other
major golf events
» School half term weeks
» Graduation week and Fresher’s
week
» Christmas and New Year
» Special themed weeks run by the
Club – shooting, fishing, wine
tasting, Michelin Star Cooking
School etc
» Family weeks
OPEN CHAMPIONSHIP WEEK FAMILY WEEK
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1817
WEEKS
Whether you need the security of
owning specific weeks each year or
just want the flexibility of being able
to exchange your weeks to suit your
schedule and enjoy different club
experiences we possess the ability to
accommodate everyone’s needs.
Numerous weeks within the Calendar
attract a 10-20% premium – examples
include:
» Open Championship week,
Dunhill, 2012 Ryder Cup and other
major golf events
» School half term weeks
» Graduation week and Fresher’s
week
» Christmas and New Year
» Special themed weeks run by the
Club – shooting, fishing, wine
tasting, Michelin Star Cooking
School etc
» Family weeks
OPEN CHAMPIONSHIP WEEK FAMILY WEEK
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2019
FISHING WEEK SHOOTING WEEK
2019
FISHING WEEK SHOOTING WEEK
2221
WINE TASTING WEEKS MICHELIN STAR COOKING SCHOOL
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2221
WINE TASTING WEEKS MICHELIN STAR COOKING SCHOOL
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2423
GRADUATION/FRESHERS WEEKACTIVITY WEEKS FOR FAMILIES
2423
GRADUATION/FRESHERS WEEKACTIVITY WEEKS FOR FAMILIES
2625
CHRISTMAS HOGMANAY
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CHRISTMAS HOGMANAY
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PITTORMIE HISTORY
The Pittormie Estate was given to Ludvig of Lennox by King James VI in 1593 as
the home of the first Duke of Fife. In 2005 the estate was purchased by the Club from
the McKinnon family – the owners of Drambuie liquor. In 2006 plans were passed
to transform this old private home in to one of the country’s finest clubs under the
guidance of Historic Scotland.
RECENT REFURBISHMENT
After three years of investment and refurbishment the estate (which acts as the home
of The Eden Club) boasts a listed baronial castle – with eight en-suite bedrooms and
a variety of lounges, bar, whisky rooms, and dining rooms where members may
relax. The four main dining areas all operate under the supervision of Michelin Star
Chef Alan Donald.
Within the estate the pool, gym, spa, tennis courts and short-game practice area have
all been created to compliment the paddocks and beautiful manicured gardens. The
estate is lined with fences, trees and bushes and protected by CCTV and on-site
security.
The two and three-bedroom residences of between 1300 and 2890 sq ft have been
decorated and furnished to the highest levels in all of Scotland. They are serviced by
a dedicated full time staff plus a fleet of drivers and vehicles. The Residences are part
of an exclusive private club and can be purchased in whole or in part depending upon
investors requirements. The maximum is twenty-four two-week fractions and the
minimum one two-week fraction per apartment.
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PITTORMIE HISTORY
The Pittormie Estate was given to Ludvig of Lennox by King James VI in 1593 as
the home of the first Duke of Fife. In 2005 the estate was purchased by the Club from
the McKinnon family – the owners of Drambuie liquor. In 2006 plans were passed
to transform this old private home in to one of the country’s finest clubs under the
guidance of Historic Scotland.
RECENT REFURBISHMENT
After three years of investment and refurbishment the estate (which acts as the home
of The Eden Club) boasts a listed baronial castle – with eight en-suite bedrooms and
a variety of lounges, bar, whisky rooms, and dining rooms where members may
relax. The four main dining areas all operate under the supervision of Michelin Star
Chef Alan Donald.
Within the estate the pool, gym, spa, tennis courts and short-game practice area have
all been created to compliment the paddocks and beautiful manicured gardens. The
estate is lined with fences, trees and bushes and protected by CCTV and on-site
security.
The two and three-bedroom residences of between 1300 and 2890 sq ft have been
decorated and furnished to the highest levels in all of Scotland. They are serviced by
a dedicated full time staff plus a fleet of drivers and vehicles. The Residences are part
of an exclusive private club and can be purchased in whole or in part depending upon
investors requirements. The maximum is twenty-four two-week fractions and the
minimum one two-week fraction per apartment.
2827
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30
THE DEVELOPER
The free-hold owner of the apartments, facilities, castle and estate is The Eden Club. The
Eden Club have operated the Club for its 700 members since 1998 and have a track
record for delivering outstanding experiences while enhancing value for its members.
OWN AS MUCH AS YOU NEED
Whether you’re looking for just a few weeks each summer, for school holiday’s or you
need a home for a few months a year, Residence Clubs cater to everyone’s needs. It’s the
perfect way to own a second home and takes away all the aggravation of second home
ownership. The facilities and services onsite significantly enhance the experience and are
greatly superior to owning a second home as a stand alone property. Simply choose the
high season weeks or months you wish to use from May through September and pair it
with weeks in the low season. You get to enjoy all of the upside including owning the asset
and none of the downside that typically comes from owning a second home.
29
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30
THE DEVELOPER
The free-hold owner of the apartments, facilities, castle and estate is The Eden Club. The
Eden Club have operated the Club for its 700 members since 1998 and have a track
record for delivering outstanding experiences while enhancing value for its members.
OWN AS MUCH AS YOU NEED
Whether you’re looking for just a few weeks each summer, for school holiday’s or you
need a home for a few months a year, Residence Clubs cater to everyone’s needs. It’s the
perfect way to own a second home and takes away all the aggravation of second home
ownership. The facilities and services onsite significantly enhance the experience and are
greatly superior to owning a second home as a stand alone property. Simply choose the
high season weeks or months you wish to use from May through September and pair it
with weeks in the low season. You get to enjoy all of the upside including owning the asset
and none of the downside that typically comes from owning a second home.
29
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INTERNAL PHOTOGRAPHS OF A TYPICAL APARTMENT:
The residences were created from converted stables, a steadings and a number of new build units. They have been
built using the finest woods, stone and materials and include:
» Air conditioning throughout and under floor heating
» Single unit security with CCTV
» Satellite TV with broadband and wireless connection
» Dark oak floors throughout, stone floors in kitchens and marble floors and tiles in
bathrooms
» Hand-built fitted kitchen complete with wine fridge, double door fridge freezer, microwave, washing machine, dryer,
plates, cutlery etc.
» Settees, TV’s with lifting mechanism, lamps, artwork, cellaret, fire and Persian rug
» Four-poster master bed with TV and lifting mechanism
» Option of twin beds or four-poster in second or third bedrooms
» Handmade cupboards with large chests and plenty of storage space
» Handmade curtains, pelmets and blinds
» Selection of antique furniture, original Scottish oils and ornaments throughout
Each residence comes with two or three bedrooms and benefits from:
» Own entrance with no-one above or below
» Settee pulls out to make extra bed – each residence can accommodate up to 6
» Generator back up system and year-round estate security
» Concierge service
3231
INTERNAL PHOTOGRAPHS OF A TYPICAL APARTMENT:
The residences were created from converted stables, a steadings and a number of new build units. They have been
built using the finest woods, stone and materials and include:
» Air conditioning throughout and under floor heating
» Single unit security with CCTV
» Satellite TV with broadband and wireless connection
» Dark oak floors throughout, stone floors in kitchens and marble floors and tiles in
bathrooms
» Hand-built fitted kitchen complete with wine fridge, double door fridge freezer, microwave, washing machine, dryer,
plates, cutlery etc.
» Settees, TV’s with lifting mechanism, lamps, artwork, cellaret, fire and Persian rug
» Four-poster master bed with TV and lifting mechanism
» Option of twin beds or four-poster in second or third bedrooms
» Handmade cupboards with large chests and plenty of storage space
» Handmade curtains, pelmets and blinds
» Selection of antique furniture, original Scottish oils and ornaments throughout
Each residence comes with two or three bedrooms and benefits from:
» Own entrance with no-one above or below
» Settee pulls out to make extra bed – each residence can accommodate up to 6
» Generator back up system and year-round estate security
» Concierge service
3231
OPPORTUNITY PERFECT FOR:
» Corporations for board meetings, off-sites, entertainment and special events
» Families seeking a wonderful environment to share quality experiences with their
children
» Parents of students attending St Andrews University or St Leonards School
» Ex-pats who want to maintain a luxurious second home in the UK
» Scots abroad or those with Scottish heritage seeking a luxurious retreat in Scotland for
a fraction of the cost or aggravation
» Successful executive’s wanting the very best activities, e.g. shooting, golf, fishing etc.
» Couples who appreciate fine food, service and socialising with like minded couples
» Keen golfers – especially those who appreciate fine clubs
ST ANDREWS:
» A renowned UK destination - globally recognised as the ‘Home of Golf’
» The No. 3 University in the UK
» 7500 students create a shortage of residential real estate in and around St Andrews.
» Scotland’s Riviera offering an outstanding quality of life
» Population of just 15,996 – due to local planning restrictions
» Host venue for the 2010 Open Golf Championships – Open in St Andrews every
5 years
FIFE:
» Best climate in Scotland – average of only 21 inches of rain per annum
» Where Scots choose to vacate
» Economy driven by education, golf, conferencing & tourism
» Restricted planning policy and property shortfall enhance real estate values
SCOTLAND:
» Population of 5.6m - but over 80m worldwide claim Scottish Heritage
» Over 15m visitors per annum
» Rich culture and heritage with great history
» Outdoor activities (inc. golf, shooting, fishing and walking) account for over 55% of
all tourists
» No. 1 investment sector among locals is real estate
» Abundance of entertainment, shopping and restaurants
THE UK PROPERTY MARKET:
» Population of 5.6m - but over 80m worldwide claim Scottish Heritage
» House prices continue to rise – confidence in UK system among foreign investors
» Exchange rates benefit foreign investment
» Low interest rates helping to underpin prices
» High period of future inflation projected to increase values
3433
Pittormie PDF V2:Minimal design 09/07/2010 21:54 Page 33
OPPORTUNITY PERFECT FOR:
» Corporations for board meetings, off-sites, entertainment and special events
» Families seeking a wonderful environment to share quality experiences with their
children
» Parents of students attending St Andrews University or St Leonards School
» Ex-pats who want to maintain a luxurious second home in the UK
» Scots abroad or those with Scottish heritage seeking a luxurious retreat in Scotland for
a fraction of the cost or aggravation
» Successful executive’s wanting the very best activities, e.g. shooting, golf, fishing etc.
» Couples who appreciate fine food, service and socialising with like minded couples
» Keen golfers – especially those who appreciate fine clubs
ST ANDREWS:
» A renowned UK destination - globally recognised as the ‘Home of Golf’
» The No. 3 University in the UK
» 7500 students create a shortage of residential real estate in and around St Andrews.
» Scotland’s Riviera offering an outstanding quality of life
» Population of just 15,996 – due to local planning restrictions
» Host venue for the 2010 Open Golf Championships – Open in St Andrews every
5 years
FIFE:
» Best climate in Scotland – average of only 21 inches of rain per annum
» Where Scots choose to vacate
» Economy driven by education, golf, conferencing & tourism
» Restricted planning policy and property shortfall enhance real estate values
SCOTLAND:
» Population of 5.6m - but over 80m worldwide claim Scottish Heritage
» Over 15m visitors per annum
» Rich culture and heritage with great history
» Outdoor activities (inc. golf, shooting, fishing and walking) account for over 55% of
all tourists
» No. 1 investment sector among locals is real estate
» Abundance of entertainment, shopping and restaurants
THE UK PROPERTY MARKET:
» Population of 5.6m - but over 80m worldwide claim Scottish Heritage
» House prices continue to rise – confidence in UK system among foreign investors
» Exchange rates benefit foreign investment
» Low interest rates helping to underpin prices
» High period of future inflation projected to increase values
3433
Pittormie PDF V2:Minimal design 09/07/2010 21:54 Page 33
LOCATION AND TRANSPORT LINKS
Rail
Cupar Station is within 1.2 miles (1821 metres) – access to Edinburgh/London
Leuchars is within 0.5 miles (900 metres) – access to Edinburgh/London
Airport
Leuchars Airbase is within 5 minutes (Private Jets)
Dundee Airport is within 15 minutes
Edinburgh Airport is within 45 minutes
London City Airport is within 1 hour flight from Dundee
Heathrow Airport is within I hour flight from Edinburgh
Gatwick Airport is within 1 hour flight from Edinburgh
Road
St Andrews 4½ Miles (5 mins)
Edinburgh 55 Miles (50 mins) 80 km
Dundee 12 Miles (15 mins), 20 km
Glasgow 80 Miles (95 mins) 130 km
London 600 Miles
3635
Spey
Find
horn
Don
Dee
Earn
Forth
Teith
C
Orc
hy
Tay
Firth of Forth
GR
AM
PI
AN
MO U N T A I N S
LochLomond
Loch
Nes
s CAIRNGORM MOUNTAINS
K
Ben Nevis
Ben Macdui
T
Dunoon Greenock
Inveraray
P
Oban
D
Glasgow
Edinburgh
Falkirk
Stirling
Kirkcaldy
Perth
Dundee
Arbroath
Montrose
ForfarBallachulish
Kinlochleven
Fort William
Kingussie
Braemar
Ballater
A
Aviemore
Stromeferry
B
Inverurie
Stonehaven
M
Gulvain
Crieff
Blairgowrie
Pitlochry
Dunfermline
Dunbar
St. Andrews
R
Pittormie Castle
Pittormie Castle
Edinburgh
St Andrews
Glasgow
Dundee
Aberdeen
Pittormie PDF V2:Minimal design 09/07/2010 21:54 Page 35
LOCATION AND TRANSPORT LINKS
Rail
Cupar Station is within 1.2 miles (1821 metres) – access to Edinburgh/London
Leuchars is within 0.5 miles (900 metres) – access to Edinburgh/London
Airport
Leuchars Airbase is within 5 minutes (Private Jets)
Dundee Airport is within 15 minutes
Edinburgh Airport is within 45 minutes
London City Airport is within 1 hour flight from Dundee
Heathrow Airport is within I hour flight from Edinburgh
Gatwick Airport is within 1 hour flight from Edinburgh
Road
St Andrews 4½ Miles (5 mins)
Edinburgh 55 Miles (50 mins) 80 km
Dundee 12 Miles (15 mins), 20 km
Glasgow 80 Miles (95 mins) 130 km
London 600 Miles
3635
Spey
Find
horn
Don
Dee
Earn
Forth
Teith
C
Orc
hy
Tay
Firth of Forth
GR
AM
PI
AN
MO U N T A I N S
LochLomond
Loch
Nes
s CAIRNGORM MOUNTAINS
K
Ben Nevis
Ben Macdui
T
Dunoon Greenock
Inveraray
P
Oban
D
Glasgow
Edinburgh
Falkirk
Stirling
Kirkcaldy
Perth
Dundee
Arbroath
Montrose
ForfarBallachulish
Kinlochleven
Fort William
Kingussie
Braemar
Ballater
A
Aviemore
Stromeferry
B
Inverurie
Stonehaven
M
Gulvain
Crieff
Blairgowrie
Pitlochry
Dunfermline
Dunbar
St. Andrews
R
Pittormie Castle
Pittormie Castle
Edinburgh
St Andrews
Glasgow
Dundee
Aberdeen
Pittormie PDF V2:Minimal design 09/07/2010 21:54 Page 35
SPECIAL TERMS – OWNERS 49 TO 96
» 10% discount off listed prices for two week fraction – see below
» Plus no annual dues for first two years (saving £4,230 per annum/£8,460 in total)
» Plus guarantee 6.66% rental for unused weeks for first two years
» Plus no transfer fee of lease to other family member or trust
» Plus no closing fees
PRICES
Flat No. of Sq Ft Listed Limited Offer Annual Dues Net Saving + Rental incBeds Price Purchase Price + 17.5% VAT 6.6% x 2
1 2 2370 £108,900 £99,000 £3,600 (£4230) £18,360 £13,068
2 2 2450 £108,900 £99,000 £3,600 (£4230) £18,460 £13,068
3 2 1150 £84,700 £77,000 £3,600 (£4230) £16,160 £10,164
4 2 1500 SOLD NA £3,600 (£4230) NA NA
5 2 2200 £96,800 £88,000 £3,600 (£4230) £17,260 £11,616
6 2 2100 £96,800 £88,000 £3,600 (£4230) £17,260 £11,616
7 2 1380 £96,800 £88,000 £3,600 (£4230) £17,260 £11,616
8 3 2890 £121,000 £110,000 £3,600 (£4230) £19,460 £14,520
9 2 2850 £108,900 £99,000 £3,600 (£4230) £17,260 £13,068
10 2 2850 SOLD NA £3,600 (£4230) NA NA
PURCHASE PRICE INCLUDES
» One High Season Week (May 1st to Sept 30th) plus One Low Season Week
(Oct 1st to April 31st each year)
» Two Full Residence Club Memberships e.g. Husband and Wife
» Exchange weeks each year for no fee
» Rent out unused nights or opt to receive guaranteed 6.6% return for first
2 years
» Use additional weeks for free under the six week short notice scheme
» Full use of all facilities
DEAL ANALYSISCosts Total
Average Purchase Price £90,000
Less Two Years Annual Dues (inc VAT) £8,400
Less two years yield 6.6% PA £11,880
Net Cost £69,720
Sell for £90,000 – shows profit * £20,280
Min percentage gain 29%
* Even if early stage investors sold their fractions for the same price they would still make a 29% profit.
LEGALThe Structure, Lease, Constitution and Reservation Policies and Procedureshave been crafted by one of Scotland’s foremost Solicitors Tods Murray. Theselegal documents have met with the satisfaction of all solicitors representingpurchasers to date.
We can introduce reputable Scottish solicitors – including those who haveacted for other buyers e.g.: Morton Frazer Solicitors, 30-31 Queen Street,Edinburgh, EH2 1JX or Brodies LLP, 15 Athol Crescent, Edinburgh EH3 8HA.
3837
Pittormie PDF V2:Minimal design 09/07/2010 21:55 Page 37
SPECIAL TERMS – OWNERS 49 TO 96
» 10% discount off listed prices for two week fraction – see below
» Plus no annual dues for first two years (saving £4,230 per annum/£8,460 in total)
» Plus guarantee 6.66% rental for unused weeks for first two years
» Plus no transfer fee of lease to other family member or trust
» Plus no closing fees
PRICES
Flat No. of Sq Ft Listed Limited Offer Annual Dues Net Saving + Rental incBeds Price Purchase Price + 17.5% VAT 6.6% x 2
1 2 2370 £108,900 £99,000 £3,600 (£4230) £18,360 £13,068
2 2 2450 £108,900 £99,000 £3,600 (£4230) £18,460 £13,068
3 2 1150 £84,700 £77,000 £3,600 (£4230) £16,160 £10,164
4 2 1500 SOLD NA £3,600 (£4230) NA NA
5 2 2200 £96,800 £88,000 £3,600 (£4230) £17,260 £11,616
6 2 2100 £96,800 £88,000 £3,600 (£4230) £17,260 £11,616
7 2 1380 £96,800 £88,000 £3,600 (£4230) £17,260 £11,616
8 3 2890 £121,000 £110,000 £3,600 (£4230) £19,460 £14,520
9 2 2850 £108,900 £99,000 £3,600 (£4230) £17,260 £13,068
10 2 2850 SOLD NA £3,600 (£4230) NA NA
PURCHASE PRICE INCLUDES
» One High Season Week (May 1st to Sept 30th) plus One Low Season Week
(Oct 1st to April 31st each year)
» Two Full Residence Club Memberships e.g. Husband and Wife
» Exchange weeks each year for no fee
» Rent out unused nights or opt to receive guaranteed 6.6% return for first
2 years
» Use additional weeks for free under the six week short notice scheme
» Full use of all facilities
DEAL ANALYSISCosts Total
Average Purchase Price £90,000
Less Two Years Annual Dues (inc VAT) £8,400
Less two years yield 6.6% PA £11,880
Net Cost £69,720
Sell for £90,000 – shows profit * £20,280
Min percentage gain 29%
* Even if early stage investors sold their fractions for the same price they would still make a 29% profit.
LEGALThe Structure, Lease, Constitution and Reservation Policies and Procedureshave been crafted by one of Scotland’s foremost Solicitors Tods Murray. Theselegal documents have met with the satisfaction of all solicitors representingpurchasers to date.
We can introduce reputable Scottish solicitors – including those who haveacted for other buyers e.g.: Morton Frazer Solicitors, 30-31 Queen Street,Edinburgh, EH2 1JX or Brodies LLP, 15 Athol Crescent, Edinburgh EH3 8HA.
3837
Pittormie PDF V2:Minimal design 09/07/2010 21:55 Page 37
4039
THE RESIDENCE CLUB – THE FUTURE
Over the course of the next year as we sell out the initial allocation of fractional weeks at Pittormie we envisage a
substantial increase in value. Research shows High Net Worth individuals are prepared to pay more to join friends and
peers in elite Clubs, for which prices typically increase by 5% to 10% with every 10% sold. This has been demonstrated
historically by clubs in landmark locations e.g. The Eden Club and Queenwood. Starting from a low average cost base of
£90,000 we believe the price will increase to £200,000 - £220,000 (the industry norm for two-week fractions).
Having acquired the site, capitalised the build out and developed a successful template with Pittormie the company aims
to open similar Residence Clubs at other iconic locations e.g. Monterey, Aspen, Barbados etc. With the opening of each
additional Residence Club owners will be able to exchange their weeks between locations without charge. This will
increase the value of weeks within each property and owners will benefit from the development of the portfolio. The logic
is new owners in the Monterey Residence Club will pay more when they can also immediately use St Andrews, likewise
for third, forth and fifth destinations. With this unique model owners enjoy the benefit of upside while the developer
realises a premium on the development of future fractions thereby ensuring that both parties have their interests aligned
with the expansion of the company. Our Residence Club template is not limited to golf and is anticipated to encompass
ski, beach and city locations.
Evidence shows that people are typically taking less than six weeks holiday per year but these weeks are not all taken at
one destination. Owning 52 weeks of a second home carries substantial annual commitments not least time and money.
There are an increasing number of people who realise you are better off owning a few weeks at different locations that
cater to your needs for golf, ski, beach etc, at £200,000 to £350,000 per property, than placing £3m of your wealth in one
destination.
Investors are taking their place at an early stage in the evolution of an exiting international club of clubs. With all successful
clubs those who joined at an early stage benefited most and we invite you to join us as we build out our portfolio of properties.
Pittormie PDF V2:Minimal design 09/07/2010 21:55 Page 39
4039
THE RESIDENCE CLUB – THE FUTURE
Over the course of the next year as we sell out the initial allocation of fractional weeks at Pittormie we envisage a
substantial increase in value. Research shows High Net Worth individuals are prepared to pay more to join friends and
peers in elite Clubs, for which prices typically increase by 5% to 10% with every 10% sold. This has been demonstrated
historically by clubs in landmark locations e.g. The Eden Club and Queenwood. Starting from a low average cost base of
£90,000 we believe the price will increase to £200,000 - £220,000 (the industry norm for two-week fractions).
Having acquired the site, capitalised the build out and developed a successful template with Pittormie the company aims
to open similar Residence Clubs at other iconic locations e.g. Monterey, Aspen, Barbados etc. With the opening of each
additional Residence Club owners will be able to exchange their weeks between locations without charge. This will
increase the value of weeks within each property and owners will benefit from the development of the portfolio. The logic
is new owners in the Monterey Residence Club will pay more when they can also immediately use St Andrews, likewise
for third, forth and fifth destinations. With this unique model owners enjoy the benefit of upside while the developer
realises a premium on the development of future fractions thereby ensuring that both parties have their interests aligned
with the expansion of the company. Our Residence Club template is not limited to golf and is anticipated to encompass
ski, beach and city locations.
Evidence shows that people are typically taking less than six weeks holiday per year but these weeks are not all taken at
one destination. Owning 52 weeks of a second home carries substantial annual commitments not least time and money.
There are an increasing number of people who realise you are better off owning a few weeks at different locations that
cater to your needs for golf, ski, beach etc, at £200,000 to £350,000 per property, than placing £3m of your wealth in one
destination.
Investors are taking their place at an early stage in the evolution of an exiting international club of clubs. With all successful
clubs those who joined at an early stage benefited most and we invite you to join us as we build out our portfolio of properties.
Pittormie PDF V2:Minimal design 09/07/2010 21:55 Page 39
RESALE ASSURANCE
» Increase in value after 2 years or pay no resale commission (saving 7.5%)
» Four-in/one-out exit strategy (after two years) if we are still in initial sales period
» Opportunity to exchange two-week fraction for Eden Club Membership at any stage
RESALE SERVICE
The Residences at Pittormie guarantee to maintain a marketing and sales office which will include the use of local and
international estate agents as co-brokers. The Club anticipate a 2%-3% ‘death and disinterest’ rate after two years which would
witness approximately 10 to 15 resale’s per annum. This means that for anyone wishing to re-sell their weeks, if the Club are
still selling their initial allocation, after every forth sale by the company the fifth sale will be a member wishing to exit.
PRICE COMPARISONS
The Residences at Pittormie are positioned as the highest quality Residence Club in the United Kingdom. Skibo and Loch
Lomond have been unable to develop Residence Clubs as they don’t own the free hold and face planning restrictions.
Other Residence Clubs in Scotland have been successful with strong demand for resales. Below are links to companies
who have marketed lesser quality residence clubs in Scotland than that of The Residences at Pittormie. This should give
investors a clear understanding of the market price of the apartments.
Glenmor – (Gleneagles): Since the initial phase of homes within the Gleneagles development was built in 2000 the
success of second home ownership in Scotland has demanded a further 7 phases of homes.
http://glenmor.gleneagles.com/welcome
The Carrick – (Loch Lomond): Released in 2007 on the banks of Loch Lomond the Devere operated development was
sold out. http://www.devere.co.uk/our-locations/cameron-house.html
4241
Pittormie PDF V2:Minimal design 09/07/2010 21:55 Page 41
RESALE ASSURANCE
» Increase in value after 2 years or pay no resale commission (saving 7.5%)
» Four-in/one-out exit strategy (after two years) if we are still in initial sales period
» Opportunity to exchange two-week fraction for Eden Club Membership at any stage
RESALE SERVICE
The Residences at Pittormie guarantee to maintain a marketing and sales office which will include the use of local and
international estate agents as co-brokers. The Club anticipate a 2%-3% ‘death and disinterest’ rate after two years which would
witness approximately 10 to 15 resale’s per annum. This means that for anyone wishing to re-sell their weeks, if the Club are
still selling their initial allocation, after every forth sale by the company the fifth sale will be a member wishing to exit.
PRICE COMPARISONS
The Residences at Pittormie are positioned as the highest quality Residence Club in the United Kingdom. Skibo and Loch
Lomond have been unable to develop Residence Clubs as they don’t own the free hold and face planning restrictions.
Other Residence Clubs in Scotland have been successful with strong demand for resales. Below are links to companies
who have marketed lesser quality residence clubs in Scotland than that of The Residences at Pittormie. This should give
investors a clear understanding of the market price of the apartments.
Glenmor – (Gleneagles): Since the initial phase of homes within the Gleneagles development was built in 2000 the
success of second home ownership in Scotland has demanded a further 7 phases of homes.
http://glenmor.gleneagles.com/welcome
The Carrick – (Loch Lomond): Released in 2007 on the banks of Loch Lomond the Devere operated development was
sold out. http://www.devere.co.uk/our-locations/cameron-house.html
4241
Pittormie PDF V2:Minimal design 09/07/2010 21:55 Page 41
4443
International Residences Club
Similar to Starwood and Four Seasons, Ritz Carlton offer Home Club Membership
similar to a Fractional Ownership offering, which provides use of a deeded residence at
a property where Members can return to throughout the year. Membership pricing ranges
from the low £80,000s – mid £500,000s per membership at the more iconic locations. A
typical membership at one destination is approximately £180,000.
COMPETITION ANALYSIS
Unlike Ritz Carlton, Four Seasons and other large groups we are solely focusing on
developing outstanding Residence Clubs in iconic locations and not developing where we
already have developments or can develop cheap alternatives. Most of the locations
within the portfolios of others groups are destinations where many of our audience have
little or no interest in travelling to and a critical part of our plan rest’s with only
developing in places our customers want to take vacations or own properties.
Intimate, luxurious boutique properties hold far more appeal than large developments to
high net worth individuals. There is an additional value attached to belonging to clubs
with real cache, a fact that mass market brands are unable to emulate. By keeping the
scale of each destination small we are also creating scarcity while limiting the risk.
Destination Clubs like Exclusive Resorts and Quintess charge £500,000 to join and
charge you 20% on the way in. You own no deeds or assets. You are buying access only.
You have no upside while these companies possess large amounts of debt. They are
unable to offer their customers security let alone potential uplift in values.
Our unique model involves taking the capital from the sales of each Residence Club and
investing in the next destination – one at a time. We engage happy owners who partake
in the benefits of growth to recruit their peers communicating their satisfaction of usage
and investment confidence. Owners are also stakeholders in protecting the environment
and naturally select peers they wish to share time with.
Having developed each Residence Club without debt we are growing a secure profitable
portfolio of clubs which increases owner’s value: both financially and through usage.
For more information on Destination Clubs and Residence Clubs please see the separate
document.
WHAT NEXT TO ACQUIRE YOUR PLACE IN THEROYAL BURGH OF ST ANDREWS, FIFE?
» Select the unit and weeks you wish to purchase
» Confirm in writing via email and request bank details – holds weeks for 14 days
» Wire 5% deposit to hold weeks
» Sales agreement will be sent to you with a 14-day cool off or close period
» All documentation inc. Reservation Policies, Rules and Regulations, Certificate of
Ownership, Constitution and Trust Documents will be forwarded. Solicitors can be
appointed on your behalf at our expense
Call +44 207 855 5117 and ask for the Sales Department for assistance
4443
International Residences Club
Similar to Starwood and Four Seasons, Ritz Carlton offer Home Club Membership
similar to a Fractional Ownership offering, which provides use of a deeded residence at
a property where Members can return to throughout the year. Membership pricing ranges
from the low £80,000s – mid £500,000s per membership at the more iconic locations. A
typical membership at one destination is approximately £180,000.
COMPETITION ANALYSIS
Unlike Ritz Carlton, Four Seasons and other large groups we are solely focusing on
developing outstanding Residence Clubs in iconic locations and not developing where we
already have developments or can develop cheap alternatives. Most of the locations
within the portfolios of others groups are destinations where many of our audience have
little or no interest in travelling to and a critical part of our plan rest’s with only
developing in places our customers want to take vacations or own properties.
Intimate, luxurious boutique properties hold far more appeal than large developments to
high net worth individuals. There is an additional value attached to belonging to clubs
with real cache, a fact that mass market brands are unable to emulate. By keeping the
scale of each destination small we are also creating scarcity while limiting the risk.
Destination Clubs like Exclusive Resorts and Quintess charge £500,000 to join and
charge you 20% on the way in. You own no deeds or assets. You are buying access only.
You have no upside while these companies possess large amounts of debt. They are
unable to offer their customers security let alone potential uplift in values.
Our unique model involves taking the capital from the sales of each Residence Club and
investing in the next destination – one at a time. We engage happy owners who partake
in the benefits of growth to recruit their peers communicating their satisfaction of usage
and investment confidence. Owners are also stakeholders in protecting the environment
and naturally select peers they wish to share time with.
Having developed each Residence Club without debt we are growing a secure profitable
portfolio of clubs which increases owner’s value: both financially and through usage.
For more information on Destination Clubs and Residence Clubs please see the separate
document.
WHAT NEXT TO ACQUIRE YOUR PLACE IN THEROYAL BURGH OF ST ANDREWS, FIFE?
» Select the unit and weeks you wish to purchase
» Confirm in writing via email and request bank details – holds weeks for 14 days
» Wire 5% deposit to hold weeks
» Sales agreement will be sent to you with a 14-day cool off or close period
» All documentation inc. Reservation Policies, Rules and Regulations, Certificate of
Ownership, Constitution and Trust Documents will be forwarded. Solicitors can be
appointed on your behalf at our expense
Call +44 207 855 5117 and ask for the Sales Department for assistance
